The first Dogecoin ETF is expected to be launched within a week. Is there hidden opportunity amid short-term price fluctuations?

Dogecoin is about to launch its first ETF, but this issuance method is different from common cryptocurrency ETFs.

REX Shares plans to launch the fund under the Investment Company Act of 1940, a law typically used to regulate traditional stock and bond investment products, which is relatively rare for cryptocurrencies.

This issuance method may receive approval more quickly, as it bypasses the complex process of the conventional S-1 application, referred to as a "regulatory bypass."

Analysts point out that REX has submitted a valid prospectus, and the Dogecoin ETF may be listed within a week. However, the document also emphasizes that Dogecoin remains highly volatile and risky.

Unlike other companies still waiting for regulatory approval, REX is moving quickly, having previously launched a Solana staking ETF using a similar method.

REX has also submitted multiple ETF applications related to Trump-themed tokens. Whether other issuers will follow suit with this unconventional operation remains to be seen.

Currently, the price of Dogecoin fluctuates around $0.214, and technical indicators show insufficient market momentum, with stable trading volume but a lack of new funds. Historically, cryptocurrencies often experience short-term price increases after positive news is announced, but may subsequently retreat.

Unless market sentiment significantly warms up, Dogecoin may continue to oscillate between $0.21 and $0.22. A breakthrough above $0.23 will require more catalysts.

Overall, REX's innovative approach to launching the Dogecoin ETF introduces new variables to the market, and its actual impact is worth paying attention to.

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